Futures & Commodities

Saudi Arabia is a growing threat to grab oil-market share from Alaska.

Oil prices slid after Saudi Arabia announced the state-owned Aramco would reduce production by an additional 1 million barrels per day.

Beijing's oil imports jumped 7.64% from March but remained below last year's levels.

U.S. oil inventories rose by 4.6 million barrels in the week ended May 1, according to the Energy Information Administration, less than the 7.76 million-barrel build that analysts surveyed by Refinitiv were expecting.

Since bottoming on March 23, the S&P 500 index has rallied by nearly 30%, a big upward swing considering the grim unemployment numbers. Why is the market rallying?

Oil prices have doubled as production cuts kick in and demand is slowly coming back.

Oil prices rallied Monday as production cuts took hold and states pressed ahead with reopening their economies.

The month of May begins what can be a ho-hum period for stocks.

CME Group says negative oil prices were the result of “oversupply, reduced demand and increasingly full U.S. storage.”

Oil prices got a boost as American Petroleum Institute data showed a smaller-than-expected inventory build while trials of a coronavirus treatemnt yielded promising data.

'Stay-at-home' orders issued by governments worldwide to slow the spread of COVID-19 have gutted global crude demand.

West Texas Intermediate crude oil plunged Monday as bloated supplies have storage capacity nearing its limit.

3M, Apple and Amazon will dominate the week's earnings.

The Houston-based contract driller said it sought chapter 11 protection after the downturn in the offshore-drilling industry "worsened precipitously" because of the oil-price war between the OPEC countries and Russia along with the COVID-19 pandemic.

The oil market has come under siege this year as ballooning supplies exacerbated by the price war between Russia and Saudi Arabia hit the market at the same time that government responses to COVID-19 has destroyed demand.

Gold will climb 74 percent over the next 18 months, Bank of America predicts.

CME Group switched its options pricing and valuation model to accommodate negative oil prices.

While some U.S. states have announced plans to begin reopening, others have extended “stay-at-home” orders until at least the middle of May, keeping demand at significantly depressed levels -- and prices low.

Monday's plunge in May-delivery prices was prompted partly by a selloff among traders speculating on oil prices who needed to dump their holdings before the contract's expiration required them to take delivery of the crude. 

Energy Secretary Dan Brouillette plans to work with Congress to expand the Strategic Petroleum Reserve.